Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $30.95 USD
Change Today +1.00 / 3.34%
Volume 1.3K
SBFC On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

southeastern bank financial (SBFC) Key Developments

Southeastern Bank Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on May 22, 2015; Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter of 2015

On April 22, 2014, the Board of Directors of Southeastern Bank Financial Corporation declared a regular quarterly cash dividend of $0.15 per share of common stock, payable on May 22, 2015, to shareholders of record as of May 8, 2015. The company announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported net income of $4.2 million, or $0.63 in diluted earnings per share, compared to $3.8 million, or $0.57 in diluted earnings per share, in the first quarter of 2014, an increase of 10.5%. Net interest income totaled $13.1 million, a 4.1% increase from $12.6 million for the same period in 2014. Annualized return on average assets (ROA) was 0.97%, an increase from 0.91% for the same period a year ago, and annualized return on average shareholder's equity (ROE) was 10.82%, a decrease from 11.36% from the first quarter of 2014, due to increased capital levels. Income before income taxes was $6,195,000 compared to $5,493,000 a year ago. Net charge-offs for the first quarter of 2015 totaled 0.28% of average loans on an annualized basis, compared to 0.74% annualized in the fourth quarter of 2014 and 0.52% annualized in the first quarter of 2014.

Southeastern Bank Financial Corporation, Annual General Meeting, Apr 22, 2015

Southeastern Bank Financial Corporation, Annual General Meeting, Apr 22, 2015., at 16:00 US Eastern Standard Time. Agenda: To elect 10 directors to serve for a term ending on the date of the 2016 annual meeting of shareholders or until their respective successors shall have been elected and qualified; and to transact such other business as may properly come before the Annual Meeting or an adjournment thereof.

Southeastern Bank Financial Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Net Charge-Offs for the Fourth Quarter of 2014

Southeastern Bank Financial Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income was $13,406,000 against $13,079,000 a year ago. Income before income taxes was $6,379,000 against $6,179,000 a year ago. Net income was $4,400,000 against $4,366,000 a year ago. Diluted net income per share was $0.66 against $0.65 a year ago. Total interest income was $15,601,000 compared with $15,407,000 a year ago. Annualized return on average assets (ROA) was 0.9% for the fourth quarter of 2014, a slight decrease from 1.01% from the same period a year ago, and annualized return on average shareholder's equity (ROE) was 11.46%, compared to 13.02% from the fourth quarter of 2013, decreasing primarily from increased capital levels. For the full year, the company reported net interest income was $52,064,000 against $52,800,000 a year ago. Income before income taxes was $24,114,000 against $23,493,000 a year ago. Net income was $16,632,000 against $16,346,000 a year ago. Diluted net income per share was $2.49 against $2.45 a year ago. Total interest income was $60,950,000 compared with $62,314,000 a year ago. The company announced net charge-offs for the fourth quarter of 2014 totaled 0.74% of average loans on an annualized basis.

Southeastern Bank Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on February 13, 2015

On January 14, 2015, the Board of Directors of Southeastern Bank Financial Corporation declared a regular quarterly cash dividend of $0.15 per share of common stock, payable on February 13, 2015, to shareholders of record as of January 30, 2015. This is a $0.02 or 15.4% increase in the quarterly dividend from the previous rate of $0.13 per share.

Southeastern Bank Financial Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Southeastern Bank Financial Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. The company reported quarterly net income of $4.4 million for the three months ended Sept. 30, 2014, or $0.65 in diluted earnings per share, compared to $4.2 million, or $0.63 in diluted earnings per share, in the third quarter of 2013. Net interest income for the third quarter of 2014 totaled $13.1 million, a slight decrease from $13.2 million for the same period in 2013. Noninterest income for the third quarter totaled $5.2 million, a 7.3% increase from $4.9 million for the same period a year ago. Noninterest expense was $11.1 million in the third quarter of 2014, an 8.2% increase from a year ago, as a result of increased salary and benefit costs. Annualized return on average assets (ROA) was 0.99% for the third quarter of 2014, maintaining the level from the same period a year ago, and annualized return on average shareholder's equity (ROE) was 11.74%, a decrease from 12.84% in the third quarter of 2013. Income before income taxes was $6.341 million against $5.991 million a year ago. Net income for the nine months ended Sept. 30, 2014, totaled $12.2 million, compared to net income of $12.0 million from the same period of 2013. Diluted earnings per share for the first nine months of 2014 were $1.83, a 2.2% increase from $1.79 per share earned in the same period a year ago. Net interest income for the first nine months of 2014 was $38.7 million, a 2.7% decrease from $39.7 million in the first nine months of 2013. Income before income taxes was $17.735 million against $17.315 million a year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SBFC:US $30.95 USD +1.00

SBFC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Access National Corp $19.40 USD -0.48
American National Bankshares Inc $23.69 USD -0.03
First Citizens Bancshares Inc/TN $47.30 USD 0.00
Stonegate Bank $29.09 USD -0.43
First Bancorp Inc/ME $19.11 USD -0.24
View Industry Companies
 

Industry Analysis

SBFC

Industry Average

Valuation SBFC Industry Range
Price/Earnings 11.8x
Price/Sales 2.9x
Price/Book 1.3x
Price/Cash Flow 11.9x
TEV/Sales 0.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SOUTHEASTERN BANK FINANCIAL, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.